Mutual of America Capital Management LLC Grows Position in Piper Sandler Companies (NYSE:PIPR)

Mutual of America Capital Management LLC boosted its stake in Piper Sandler Companies (NYSE:PIPRGet Rating) by 5.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,031 shares of the company’s stock after purchasing an additional 103 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Piper Sandler Companies were worth $267,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Piper Sandler Companies by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 483,423 shares of the company’s stock valued at $86,297,000 after purchasing an additional 2,316 shares during the period. GW&K Investment Management LLC grew its holdings in Piper Sandler Companies by 3.8% in the fourth quarter. GW&K Investment Management LLC now owns 455,492 shares of the company’s stock valued at $81,310,000 after purchasing an additional 16,665 shares during the period. Westwood Holdings Group Inc. grew its holdings in Piper Sandler Companies by 4.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 375,482 shares of the company’s stock valued at $67,027,000 after purchasing an additional 16,255 shares during the period. Nuveen Asset Management LLC grew its holdings in Piper Sandler Companies by 2.9% in the fourth quarter. Nuveen Asset Management LLC now owns 373,986 shares of the company’s stock valued at $66,760,000 after purchasing an additional 10,582 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in Piper Sandler Companies by 0.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 355,116 shares of the company’s stock valued at $63,392,000 after buying an additional 1,029 shares in the last quarter. 66.34% of the stock is currently owned by hedge funds and other institutional investors.

Piper Sandler Companies Trading Down 1.6 %

NYSE PIPR opened at $124.20 on Tuesday. The company’s fifty day simple moving average is $116.99 and its 200-day simple moving average is $127.94. Piper Sandler Companies has a 52 week low of $102.60 and a 52 week high of $193.60. The company has a current ratio of 1.48, a quick ratio of 0.71 and a debt-to-equity ratio of 0.11. The stock has a market cap of $2.22 billion, a P/E ratio of 9.86 and a beta of 1.40.

Piper Sandler Companies (NYSE:PIPRGet Rating) last posted its earnings results on Friday, April 29th. The company reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.32. Piper Sandler Companies had a net margin of 12.06% and a return on equity of 27.93%. The business had revenue of $361.79 million for the quarter, compared to analysts’ expectations of $326.34 million. During the same period in the previous year, the company posted $4.13 earnings per share. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities research analysts predict that Piper Sandler Companies will post 10.81 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 26th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, August 25th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.93%. Piper Sandler Companies’s payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JMP Securities reduced their price target on shares of Piper Sandler Companies from $182.00 to $178.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 12th. Wolfe Research cut shares of Piper Sandler Companies from an “outperform” rating to a “peer perform” rating and set a $132.00 price target on the stock. in a research report on Monday, July 11th. Finally, StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.25.

Piper Sandler Companies Company Profile

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Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

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Institutional Ownership by Quarter for Piper Sandler Companies (NYSE:PIPR)

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